The International Energy Agency (IEA) warned on Thursday that Libyan oil exports were unlikely to return to their pre-war levels until 2013, despite claims made by Oil and Finance Minister Ali Tarhouni that the oil industry would resume normal production within the next two weeks.
7 September 2011.
Belgium has not had a government in over 15 months. Yet their economy somehow managed to outperform those of the UK, Germany, France, Italy, Spain, The Netherlands, Finland, and Switzerland in the last quarter of this year. Are government worthless or is this just another abnormality?
6 September 2011
Iraq’s economy is recovering fast. Despite ever-present threats to its political, social and economic stability, the IMF still expects its GDP to grow by 12.5 percent in 2011 – largely on the back of increased oil exports, and high energy prices – after growth of just 1 percent last year. So, is this the right time to invest in Iraq?
The scale of the earthquake and tsunami that struck Japan in March was far greater than even the authorities’ worst nightmare scenarios foresaw. Now, nearly half a year after the crisis, Japan has a rare opportunity to undertake the comprehensive reforms that have been postponed for too long.
In the latest and biggest demonstration in the nation’s history, an estimated 500,000 Israelis took to the streets demanding social and economic reforms.
Iceland’s President Olafur Ragnar Grimsson has hit out at the European Union for allowing Britain and the Netherlands to “bully” his country into agreeing to guarantee repayment of the debts of the failed Icesave Bank.
Speaking to the RUV public radio station, Grimsson described the demands made by the British and Dutch governments as “absurd”, and called for the European Union to launch a probe into how these two governments were able to place so much pressure on Reykjavik.
The US Federal Housing Finance Agency, a government body that oversees mortgage giants Fannie Mae and Freddie Mac is preparing to file a law suit against a dozen of the world’s largest banks, for allegedly misrepresenting the quality of mortgage-backed securities.
The mad pursuit of corporate profits is threatening us all. To be sure, we should support economic growth and development, but only in a broader context: one that promotes environmental sustainability and the values of compassion and honesty that are required for social trust.
The White House forecast on Thursday high unemployment of about 9 percent that is expected to persist through 2012. This announcement comes days before US President Barack Obama is expected to make his stimulus proposals.
The Cambodian economy faces major problems for its predominantly rural population in the event of more erratic climate shifts, according to the United Nations Development Programme’s 2011 Cambodian Human Development Report.
